March 26, 2023

Resource Access Protocol of the Future: From https:// to web3://

The Balance Ecosystem encompasses a wide range of innovative products and developments in various DeFi and Web3 technology areas.
Balance is poised to build bridges between the theoretical and practical sides of finance so that there is a means in which we can provide real-world solutions and create value driven products within the web3 space.

Balance Capital

The internet has come a long way since its inception, with new technologies being developed every day to make it more efficient, faster, and more secure. One of the latest technological advancements in the internet space is Web3 URL, i.e., web3://, the protocol for the future decentralized web.

Web3 is a decentralized web protocol that is built on blockchain technology. It aims to revolutionize the way we interact with the internet by allowing web resources to be rendered on decentralized smart contracts. This technology provides a wide range of benefits, including improved security, censorship resistance, and full ownership.


Decentralized DNS

Traditional DNS (Domain Name System) points browsers to central servers, which can be censored or even shut down. Decentralized domains, on the other hand, point to a distributed registry, providing censorship resistance, better privacy, and full ownership. This means that websites can be accessed without relying on central servers, making it more difficult to shut them down.

On-Chain/L2 Storage

Web contents are stored in multiple computers (nodes) around the world, instead of centralized locations. This provides more security and lower cost. It also means that there is no single point of failure, making it more resilient to attacks.

Dynamic Composition

Web contents can be accessed and composited by smart contracts. This opens up many unexplored areas like on-chain dynamic website rendering, wearable NFT, and more. It also enables the creation of decentralized applications (dApps) and non-fungible tokens (NFTs) that can be accessed using the web3 protocol.

How web3:// Works

The web3 protocol uses a URL schema that is defined by ERC4804. This protocol can be accessed using gateways that allow you to access web resources on decentralized smart contracts. Some of the popular gateways for accessing the web3 protocol include,, and more.

To use web3, you will need to download a browser extension, such as the Firefox extension that allows you to access web3 URLs. Once you have installed the extension, you can simply enter a web3 URL in the address bar of your browser and hit enter to access the resource.


Web3 is a revolutionary protocol that promises to take the internet to new heights. By leveraging the power of blockchain technology, web3 provides a more secure, decentralized, and censorship-resistant internet experience. With the increasing adoption of this protocol, we can expect to see more dApps and NFTs that can be accessed using web3 URLs. As the web3 ecosystem continues to grow, we can look forward to a more decentralized future for the internet.